Word: tenderizer
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Dates: during 1960-1969
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...last week, began the public maneuvers in an attempt to acquire a controlling interest in South Bend's long-troubled auto and appliance company. Being used was a method that company collectors have come to prefer to the old-fashioned proxy fight. Called the tender offer, the technique involves a public bid by an individual, group or company to buy a specified number of shares of another company's stock at a specified price, which is set high enough to woo sellers. It is quicker, harder to block, and often much cheaper than trying to oust the management...
Still, when the tender offer surfaced, some Studebaker directors urged the board to advise stockholders to reject it. At midweek, Studebaker's directors slipped into Room 1501 of Chicago's O'Hare Airport Inn to debate that matter. They voted to offer the outsider two seats on the board if he succeeded in buying the 500,000 shares. Should Studebaker's owners sell? "Shareholders should decide for themselves," said Chairman Guthrie...
...TAKE IT WITH YOU. High spirits and high jinks are the household gods of the blithe Sycamore family. The 29-year-old play is an American comedy classic, though its zaniness is less evident now than its tender and nostalgic reminders of an age of innocence...
...Pavilion's customers most appreciated was the food, which was classic French cooking. There was no tampering with recipes, as there was no single specialty. For Soule, everything was a specialty, from tasty crabmeat timbale with its light sauce, to the roast duck with peaches, through the tender, flaky strawberry tart. No restaurant served younger partridges, earlier truffles, or more tender asparagus...
Last week the Beadle Bumble Fund started defending books as well as people. A school board in suburban Richmond had ordered high school libraries to get rid of all copies of Harper Lee's To Kill a Mockingbird, a tender novel of race relations in the South. The board found the book "immoral." "A more moral novel scarcely could be imagined," replied Kilpatrick. In the name of the Beadle, he offered free copies to children who wrote in. By the week's end he had given away...